Tata Elxsi, the IT and Software company of Tata Group, also working in the Artificial Intelligence industry, has given a return of over 1,200 % in the last two years. The Tata Elxsi stock has surged to Rs 8,450 in March 22 from a share price of Rs 639 in March’20 two years back. In the last one month, the stock has moved 31.38% higher and trading at its all-time high.
Tata Elxis is a leading provider of design and technology services across industries including Automotive, Media, Communications, and Healthcare.
One year back in March’21, Tata Elxsi stock was trading at Rs 2,688.60 and the company has given a return of over 214% since then. Tata Group is the parent company of Tata Elxsi and the promoters hold 44.32% of the shareholding as per the Dec 21 quarter reports (Source: Trade Brains Portal).
Tata Elxsi earlier reported its net profit increase of 43.5 percent to Rs 151 crore in December quarter 2021–22. Revenue from operations rose 33.2% to Rs 635.4 crore in the quarter from Rs 477.1 crore in the year-ago period. The company delivered industry-leading bottom-line performance and crossed the Rs 200 crore PBT (profit before tax) and Rs 150 crore PAT (profit after tax) milestones for the first time in its history, a company statement said.
In March, Axis Direct brokerage firm gave a short-term call to buy and hold Tata Elxsi for the next 5 to 15 days with an entry price of Rs 6530.00 to Rs 6590.00 and a target of Rs 7010.00.
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